A new report says investment managers in Canada are more bullish on all equity asset classes this quarter.

The latest Russell Investment Manager Outlook shows bullishness for the broad market increased 13 percentage points to 48% and bullishness for Canadian small caps rose 22 percentage points to 45%.

Despite the increasingly positive outlook, 52% of managers believe a decline in energy prices is the largest risk factor threatening the performance of Canadian equity markets over the next year.

To comment on this story email craig.sebastiano@rci.rogers.com.

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